Multibaggers.in gives investors an insight view of multibagger stocks for investment and help stock investors to maximize profit in stock market with a long term stock investment on Bombay stock exchange and NSE

Saturday, February 6, 2010

Hindustan Zinc Limited is India's largest and world's second largest integrated producer of zinc & lead, with a global market share of approximately 6.0% in zinc. They are one of the lowest cost producers in the world . Hindustan Zinc is a subsidiary of the NYSE listed - Sterlite Industries (India) Limited (NYSE: SLT) and London listed FTSE 100 diversified metals and mining major - Vedanta Resources plc.

Hindustan Zinc's current metal production capacity is 754,000 tonnes per annum (669,000 tonnes of zinc and 85,000 tonnes of lead). The ore mining capacity stands at 7.40 million tonnes per annum. They also own 314 MW of coal based thermal captive power plants in Rajasthan to support their metallurgical operations.Quarterly Result

Hindustan Zinc has announced its third quarter results of FY10. Its net profit increased to Rs 1,148.7 crore versus Rs 935 crore, on quarter-on-quarter basis (QoQ).

Hindustan Zinc Will the be largest Zinc producer in the World in coming time with amount of cash reserves on its balance sheet investors can hold this stock in their portfolio for rich earnings in near future